Chapter 17: Essentials Of New Jersey Real Estate. Key Terms Part 2 Flashcards
A sale in which the seller receives the purchase price over a period of years.
The excessive use of money for purchases. Do use of borrowed money to finance investments.
Marginal tax rate
The rate at which the investors top dollar is taxed.
Refinancing property to buy more.
Real estate investment syndicate
A group pooling resources to buy real estate.
Real estate investment trust (REIT)
A fund making real estate investments and selling shares.
The cash flow plus income tax savings plus appreciation.
A joining together of two or more people to carry out business projects.
The direct deduction from income tax due.
Uniform Commercial Code
The law regulating transfer of business personal property.